What action will take ETH miners?
- Thread starter frnw
- Start date
ETC, ravencoin, pick your poison
Miners go through this all the time, once a coin get ASIC'd, GPU hash moves elsewhere, yes a big flood of miners happens when a project becomes unprofitable.
PoW is more robust against 51% attack is my understanding, but it's incredibly wasteful. PoS has a deep price for entry for the typical hobbyist if not caught earlier.
Miners go through this all the time, once a coin get ASIC'd, GPU hash moves elsewhere, yes a big flood of miners happens when a project becomes unprofitable.
PoW is more robust against 51% attack is my understanding, but it's incredibly wasteful. PoS has a deep price for entry for the typical hobbyist if not caught earlier.
ETC, ravencoin, beam, grin, pick your poison
https://whattomine.com/coins
Miners go through this all the time, once a coin get ASIC'd, GPU hash moves elsewhere, yes a big flood of miners for sale happens when a project becomes unprofitable
PoW is more robust against 51% attack is my understanding, but it's incredibly wasteful. PoS has a deep price for entry for the typical hobbyist if not caught earlier.
https://whattomine.com/coins
Miners go through this all the time, once a coin get ASIC'd, GPU hash moves elsewhere, yes a big flood of miners for sale happens when a project becomes unprofitable
PoW is more robust against 51% attack is my understanding, but it's incredibly wasteful. PoS has a deep price for entry for the typical hobbyist if not caught earlier.
My opinion is deeper than what you think. Vitalik is a really smart guy and I think he did that merge because of the the regulations from SEC.
Imagine energy consumption used for Ethereum mining and now with PoS is 99% lower than PoW. So 80% of the DeFi project are on the Ethereum network. And institutional investors will be quite interested in the new financial opportunities.
Imagine energy consumption used for Ethereum mining and now with PoS is 99% lower than PoW. So 80% of the DeFi project are on the Ethereum network. And institutional investors will be quite interested in the new financial opportunities.
Yes. This.
Kind of a loaded question isn't it? It's like asking a cigarette company if they think it is prudent that governments advertise WARNINGS against cancer-sticks.
There are only two people who would prefer PoW.
Miners - For what are obvious reasons.
Bitcoin Maxis - Because, reasons!
PoW is pretty much dead but there is one advantage: Security. With PoS you could in theory take over the network. But it's assumed to never happen because the cost would be extremely high and with no clear benefit since you then made your own tokens worthless.
Because you would have to be as power-hungry and insane as Devros to throw away everything just to make the point: